The Obvious Solution: Giving from an IRA
October 19, 2023
Extraordinary Opportunity for Supporters 70 ½ or Older
Looking to stretch the value and impact of your charitable dollar? For supporters who qualify, giving from an IRA remains the obvious solution.
If you are at least 70 ½ years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to CMDA and receive significant tax benefits in return.
Any gifts from your IRA…
- Allow you to give in a substantial way,
- Reduce your taxable income (whether or not you itemize!),
- Can be used to fulfill any charitable pledges you’ve made, AND
- Will fulfill all or part of your required minimum distributions.
It’s a time-tested, win-win, tax-wise giving solution!
Is giving from your IRA the right solution for you? To learn more about this and other smart and powerful giving options, call Paul Montgomery at 423-844-1000 or email [email protected].